Page 32 - Trade Exports
Govt may wait for clarity before announcing new foreign trade policy
The latest trade figures show that between April 2020 and February 2021, exports of merchandise and services stood at $439.64 billion
India's goods exports to stand at $290 bn in FY21, says Piyush Goyal
India's goods exports will stand at USD 290 billion for the financial year ending March, 7 per cent short of the shipments in the previous fiscal, Union Minister Piyush Goyal said on Friday. However, the minister said this was "great" considering the country has bounced back so quickly in a challenging year. India's goods exports stood at USD 313 billion in FY20. "As against about USD 313 billion of goods exports last year, we will end the year with almost 93 per cent of that, USD 290 billion. Now isn't that great," Goyal said while addressing the Times Network India Economic Conclave. Asked about big foreign firms which have made investments in India in the past year, the commerce and industry minister said Apple and Samsung have invested on a large scale in the country and expanded their facilities. Referring to the two firms, he said: "I believe they are looking at India as their prime production base to meet the needs of the world." He added that pharma companies are also lo
 "India's goods exports to stand at $290 bn in FY21, says Piyush Goyal")
Suez Canal blockage likely to impact India's trade, say analysts
Great Eastern Shipping is still evaluating the impact, said a source close to the development
 "Suez Canal blockage likely to impact India's trade, say analysts")
Feb exports dip 0.25% after rising three months due to uncertainties abroad
Exporters also cite container shortage; imports continue to rise due to revival in domestic economy and high commodity prices
 "Feb exports dip 0.25% after rising three months due to uncertainties abroad")
Top headlines: Airtel acquires Rs 18k-cr spectrum; Feb exports dip 0.25%
Business Standard brings you top news of the evening
 "Top headlines: Airtel acquires Rs 18k-cr spectrum; Feb exports dip 0.25%")
Flex to Inventec, foreign players see potential in PLI for tech products
Lenovo India has said it would like to increase its laptop-making capacity by 10x at its Puducherry plant and also manufacture tablets
 "Flex to Inventec, foreign players see potential in PLI for tech products")
Reconsider disallowing IGST for exports: Commerce department to FinMin
The move to disallow IGST for exporters is aimed to plug large-scale frauds in the GST system
 "Reconsider disallowing IGST for exports: Commerce department to FinMin")
Air conditioners manufacturers commit to export target of 50% of sales
As part of the announcement, the Centre has earmarked over Rs 1.46 trillion for 10 sectors under the scheme.
 "Air conditioners manufacturers commit to export target of 50% of sales")
Volume recovery, acquisitions key to Adani Ports and SEZ's growth
Reducing promoter pledge further can help drive stock gains
 "Volume recovery, acquisitions key to Adani Ports and SEZ's growth")
China becomes EU's biggest trade partner in 2020, imports jump by 5.6%
At the same time, the trade in goods with the United States, which had topped the EU's trade partners list until early 2020, saw substantial decline in both ways
 "China becomes EU's biggest trade partner in 2020, imports jump by 5.6%")
Govrnment measures helping exports to record positive growth: CII
Steps taken by the government is helping the country's exports to record positive growth and the trend is expected to continue, industry body CII said on Wednesday.
India, UK hold discussions to promote bilateral trade, investments
India and the UK have held discussions on promoting bilateral trade and investments between the two countries
 "India, UK hold discussions to promote bilateral trade, investments")
India, EU hold high-level dialogue, discuss ways to promote trade
India and the European Union (EU) have held the first high level dialogue (HLD) and discussed ways to promote bilateral trade and investments
Pharmaceutical exports jumped 12.43% during April-December 2021
The exports grew to $17.57 billion, Parliament was informed on Friday
 "Pharmaceutical exports jumped 12.43% during April-December 2021")
Deepwater port lined up for rice, exports to surge amid global shortage
India mainly exports non-basmati rice to Bangladesh, Nepal, Benin and Senegal, and basmati rice to Iran, Saudi Arabia and Iraq
 "Deepwater port lined up for rice, exports to surge amid global shortage")
Cereals exports rise 53% to Rs 49,832 cr in Apr-Dec: Commerce min
The country's cereals exports have increased by about 53 per cent to Rs 49,832 cr during April-December 2020 on an year-on-year basis
 "Cereals exports rise 53% to Rs 49,832 cr in Apr-Dec: Commerce min")
We are fast achieving pre-Covid levels in exports: Commerce secy
The country's exports recorded a positive growth in January
 "We are fast achieving pre-Covid levels in exports: Commerce secy")
Exports rise 5.4% in January; trade deficit narrows to $14.75 billion
Rise in both exports and imports signals recovery is strengthening: Experts
 "Exports rise 5.4% in January; trade deficit narrows to $14.75 billion")
India's exports are on path of quicker recovery: Trade council
The country's exports have recorded a growth of 5.4 per cent in January
 "India's exports are on path of quicker recovery: Trade council")
Headwinds to exports raise fears of stifled India growth story
The problems of moving cargo to the destinations continue. Containers are not easily available in time as there aren't enough vessels sailing to and from India